22
Aug
01:00
Lower cost of sales helps MMK offset revenue fall
Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) hints at a balanced operating environment in the third quarter of 2014. This follows a solid Q2 14 financial performance by the steelmaker and coal producer highlighted in its latest results presentation. Lower cost of sales helped to offset a fall in revenues, Kallanish learns from the presentation.
MMK says that its financial results for Q3 2014 will be affected by a marginal reduction of output vo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous